-
The State of Staking: 5 Takeaways a Year After Ethereum's Merge
It’s been a little over a year since Ethereum, the largest smart-contract blockchain, switched out its old energy intensive proof-of-work (PoW) model, used by blockchains like Bitcoin, for proof-of-stake (PoS). The switch, known as the Merge, introduced “staking,” a new way to add and approve a block of transactions to the blockchain. Under PoW, miners would compete to add blocks by solving cryptographic puzzles. Now under PoS, Ethereum validators stake 32 ether (~$50,000) on the network, and they are randomly selected to add blocks. Under both models, miners and validators are rewarded some ETH if their block ... (full story)
- Comments
- Subscribe
-
- Older Stories
From bnnbloomberg.ca|Sep 25, 2023MicroStrategy Inc., the company best known as the largest publicly traded holder of Bitcoin, added to its hoard of the world’s largest cryptocurrency in the past two months, using ...
From bbc.com|Sep 25, 2023With the so-called "King of Crypto" about to go on trial for multiple fraud charges, one British man tells how the collapse of Sam Bankman-Fried's company lost him a fortune. ...
From cnbc.com|Sep 25, 2023Tokenizing real-world assets on a blockchain is one of the buzziest topics of the year, and this time it isn’t just coming from financial incumbents like Citi, JPMorgan and ...
-
- Newer Stories
From cointelegraph.com|Sep 25, 2023Bitcoin hugged $26,000 at the Sept. 24 Wall Street open as a weekly close “nosedive” brought lasting consequences. chart Bitcoin must preserve support now, analysis says Data ...
From decrypt.co|Sep 25, 2023An independent, fan-run PC game server for Minecraft that paid players in Bitcoin will remove its play-to-earn functionality following what the creators claim was a demand from ...
From blackrock.com|Sep 25, 2023Yields on benchmark 10-year U.S. Treasuries last week briefly rose to 16-year highs above 4.50% as major central banks paused rate hikes but left the door open for more. Markets ...
- Story Stats
- Posted: Sep 25, 2023 12:50pm
- Submitted by:Category: Educational NewsComments: 0 / Views: 272
